FAQ
Am I Ready to Be a Homeowner?
Evaluate finances, readiness, lifestyle, and long-term commitment for homeownership.
Is Renting or Buying Better?
Renting provides flexibility and fewer maintenance responsibilities, making it ideal for short-term living. Buying a home builds equity, offers stability, and allows for personal customization, but requires a long-term commitment and financial stability.
What Is the Lender’s Formula?
The lender’s formula assesses your debt-to-income ratio to determine loan eligibility and affordability.
What Do I Look for in Homes?
When looking for homes, consider location, price, size, condition, amenities, and future resale value. Assess proximity to work, schools, and public services, as well as overall neighborhood appeal and safety.
Do I Need a Home Warranty?
A home warranty covers repairs for major systems and appliances, providing added protection and peace.
What Should I Expect at Closing?
Expect final paperwork, payment, and transfer of property ownership at closing.
What Is Pre-approval?
Pre-approval is a lender’s conditional commitment to loan you a specific amount, based on financial documentation, before house hunting.
Am I Ready to Rent?
Assess financial stability, job security, lifestyle preferences, and lease terms to determine if you’re ready for renting a home.
What Should I Offer?
Offer a competitive price based on market analysis, property value, and seller’s situation. Consider your budget, potential repairs, and how much you’re willing to negotiate to secure the home.
Can I Ask You for Advice?
Absolutely, feel free to ask for advice on any topic or decision you’re considering.